T-Mobile parent Deutsche Telekom would emerge as the majority owner in the stock-for-stock merger

Receive the latest national-international updates in your inbox

T-Mobile and Sprint are in active talks about a merger, though negotiators are still weeks away from finalizing a deal to unite the nation's No. 3 and No. 4 wireless carriers, people close to the situation told CNBC.

T-Mobile parent Deutsche Telekom would emerge as the majority owner in the stock-for-stock merger. Sprint's parent company is Softbank.

The companies declined to comment on the report.

A big factor looming over a possible deal is the risk of rejection by antitrust regulators.

Alabama Candidates Cast Their Ballots

Republican Roy Moore, facing numerous allegations of sexual misconduct with teenage girls, and Democrat Doug Jones cast their ballots in the vote that will send one of them to the U.S. Senate. NBC's Chris Pollone reports.